Rank #7USDPFiat-Backed

Pax Dollar

Pegged to

USD

Market Cap

$150.00M

24h Volume

$5.00M

Circulating Supply

150.00M USDP

Total Supply

150.00M USDP

Peg Target

USD

Collateral Type

Fiat-Backed

Issuer

Paxos Trust Company

Launch Date

10-09-2018

About Pax Dollar

Pax Dollar (USDP) is a regulated stablecoin issued by Paxos Trust Company, approved and regulated by the New York Department of Financial Services (NYDFS). Each USDP token is backed 1:1 by US dollars held in FDIC-insured banks and US Treasury instruments. Paxos also issues PYUSD for PayPal and previously issued BUSD for Binance. USDP is known for its stringent regulatory compliance and is used in institutional payments and settlements.

Supported Blockchains

Ethereum

Pros

One of the most regulated stablecoins
Backed by Paxos — proven issuer
FDIC-insured reserves
Strong institutional credibility

Cons

Low market cap and volume
Limited to Ethereum only
Less DeFi integration
Overshadowed by PYUSD from same issuer

Key Features

NYDFS-regulated trust company issuer

Monthly reserve attestations

FDIC-insured bank deposits

Instant minting and redemption

Enterprise-grade API access

Bankruptcy-remote reserve structure

Stablecoin Information

Community & Socials

Website Twitter / X GitHub